Top 10 Best Auto Finance Companies in India – 2018

Top 10 Best Auto Finance Companies in India

The Indian automobile market is one of the fastest growing in the world. There are more than more than 35 financer’s in India. Here is the list of best and famous Car loan Banks or Vehicle (Auto) Finance Companies India. All these are major Vehicle finance, Auto Loan, Car Loan offering Companies. You will get loans for your dream Cars or finance. They assured attractive interest rates and benefits too. You can check full details of Best Auto Finance Companies in India.

1. State Bank of India

2. ICICI Bank

3. HDFC Bank

4. Bajaj Auto Finance Limited (BAFL)

5. Citibank

6. Bank of Baroda

7. Punjab National Bank

8. Kotak Mahindra Prime Limited (KMPL)

9. Canara Bank

10. United Bank of India

1. State Bank of India

State Bank of India (SBI) is one of the popular vehicle loan provider in the country. They offer loans with affordable rate of interest for the new cars. State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation. Their headquarters located in Mumbai, Maharashtra. They offer variety of long repayment option. You can visit any one among their 12,150 branches. They have connection with General Motors for car finance.

2. ICICI Bank

This is one among the top 10 auto finance companies in India. ICICI ( Industrial Credit and Investment Corporation of India ) is a major banking and financial services organization in India. This is a popular Indian multinational and financial institution. This is headquartered in Mumbai, Maharashtra. This bank established by ICICI Limited on June 1994 at Vadodara. ICICI was formed in 1955 as an initiative of the World Bank.

3. HDFC Bank

This is said to be one of the leader in auto finance segment. They offer reduced rate of interest for its car loan. The Housing Development Finance Corporation Limited or HDFC is an Indian banking and financial services company. The company is headquartered in Mumbai, Maharashtra. This is a major provider of finance for housing too. The bank was incorporated in August 1994 and it was the first bank to get the principle approval from Reserve Bank of India. They have an extensive network of 4,715 HDFC Bank branches all over India and 12,260 ATMs.

4. Bajaj Auto Finance Limited (BAFL)

Bajaj Auto Finance Ltd is one of the popular vehicle loan provider in India. They assures diverse array of financial products. You will get two wheeler loans, four wheeler loans, consumer durable loans, business loans etc. They also assures free personal accident insurance. They work through their network of more than 6000 consumer durable dealerships.

5. Citibank

Citibank was founded in 1812. This Indian private sector bank headquartered in Mumbai, Maharashtra. The bank is highly popular and well known subsidiary of Citigroup which is located in New York City, United States. The bank is said to be a consumer division of Citigroup. More than 15 million of people used its online services. The bank provides debit card and credit card.

6. Bank of Baroda

BOB was formed in Jul 20, 1908 by Maharaja Sayajirao Gaekwad III of Baroda State. They offer different types of finance services for two wheeler and four wheeler as loans. Besides these facilities it offers Multi – city cheques at centers like local cheques. The network of the bank has been spread to almost 2,732 branches. They offer features like Baroda premium account, Baroda salary advantage account,Baroda tax saving term deposit, Baroda super sixer, Baroda square drive account etc. They gives loans for new as well as used cars. They also offer a unique facility for installation of CNG/LPG Gas-kit for your cars.

7. Punjab National Bank

They are one of the best in the field of auto finance market in India. You will get auto loan for new as well as old vehicles (not older than 3 years). The bank was formed in 1895 at Lahore by Late Lala Lajpat Rai. PNB consists of several banks viz., Bhagwan Das Bank Ltd (1940), Bharat Bank (1951), Indo Commercial Bank Ltd; and Universal Bank Ltd, (in 1960s). They offers housing loans, car ﬁnance, customer ﬁnance, personal and several types of educational loans.

8. Kotak Mahindra Prime Limited (KMPL)

This is a highly popular vehicle finance providers in India. Kotak Car Finance assures flexible schemes and offers hassle-free documentation. Their main feature is the quick processing. The company also offers finances for used cars. Kotak Mahindra Bank is considered as an Indian private sector bank. This was founded in 1985 by Uday Kotak. It headquarters in Mumbai, India. Kotak Mahindra Finance Ltd.

9. Canara Bank

This is one of the Top 10 Best Indian Banks for auto finance. The bank founded in Jul 1, 1906 in Mangalore by Late A Subba Rao Pai. The bank is very popular and it was nationalized in 1969. There are more than 800 branches across the country. This is one of the best to offer different kinds of auto finance options. They offer other services like regular savings, ﬁxed and current account deposits.

10. United Bank of India

They offers loans for new cars as well as for used cars. This is a famous Indian government-owned financial services company. The company is headquartered in Kolkata, India. They have a three-tier organisational setup. They work through 2054 branches spread all over India.